Which of the following are elements in the cost of carriage?

I. Ways
II. Vehicles
III. Terminals
A) I, II and III B) II and III only C) I and III only D) I and II only

A

Business

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A journal entry to recognize an expense could include each of the following, except:

117. A. A debit to an expense account. B. A credit to Accounts Payable. C. A debit to a liability account. D. A credit to Cash.

Business

The most common definition of actual cash value is purchase price less depreciation

Indicate whether the statement is true or false

Business